A new and perhaps surprising country took center stage recently in the ongoing row over Iran’s nuclear program – Azerbaijan. Citing anonymous “high-level sources” from U.S. diplomatic and intelligence circles, a controversial article in Foreign Policy at the end of March suggested the possibility that Israel might have been proffered the use of Azerbaijani airstrips for any strikes against Iran’s nuclear facilities.
As I survey my life, which is coming near its end, I want to set down a few thoughts that might be useful to those coming after. It will soon be time for me to give back to Gaia the nutrients that I have used during a long, busy, and happy life. I am not bitter or resentful at the approaching end; I have been one of the extraordinarily lucky ones. So it behooves me here to gather together some thoughts and attitudes that may prove useful in the dark times we are facing: a century or more of exceedingly difficult times.
Despite being immensely popular among the people of Argentina, the Argentinean government’s decision to nationalize the YPF oil company has continued to come under attack by those who obstinately promote extractive capitalism. The measure would nationalize YPF and restore 51 percent of the company’s ownership to Argentina. It would thus end sister company Repsol’s 57.4 percent majority stake in the company.
The latest P5+1 talks in Istanbul rejuvenated the diplomatic track between Iran and the West, paving the way for a new chapter in Iranian nuclear negotiations. Yet if the recently concluded talks were a test of intentions, the upcoming negotiations in Baghdad are going to be a real test of wills. Both sides will have to overcome huge obstacles if they want to establish a “sustained process of serious dialogue” to resolve the Iranian nuclear impasse.
The Financial Times’s characterization of Argentina’s president as shrill and shabby is a case of a kettle trying to find a pot to call black.
In 2007, substantial oil deposits were discovered in the Jubilee field off the coast of Ghana’s Western Region, and production began in 2010. As a result, Sekondi-Takoradi, the region’s coastal capital, has gained new prominence in a country whose most high-profile urban center has generally been the national capital of Accra. There is already unmanageable congestion at Takoradi Harbor.
We are all trust fund babies living off the wealth of our ancestors. I’m not talking Mommy and Daddy. I’m talking Barney. That cuddly T-Rex and all his dinosaur friends, along with those giant ferns and tiny trilobites, died millions of years ago only to become, very gradually, the energy that fuels our modern life. Until very recently, in geologic time at least, the earth held virtually all of that powerful carbon in a lockbox. “You can’t touch this buried treasure until you come of age,” the earth told humanity.
In 2007, Tullow Oil and partner Kosmos Energy discovered substantial petroleum reserves in the Jubilee field 37 miles off the coast of Ghana. Oil production began in December 2010, attended by rather inflated expectations of sudden wealth for this rapidly developing West African country. As Christiane Badgley says in one of her many authoritative articles on Ghana’s oil industry, nothing seems to capture the public imagination like oil.
After President Ollanta Humala’s state visit to Venezuela Jan 7, and despite some adverse reactions to the visit in Peru, Humala announced that the two countries have “succeeded in turning away from the bilateral politics of the past in which nothing major had been accomplished in diplomatic, commercial and cultural relations.”
On January 1, 2012, Nigeria’s fuel regulator announced that the government was immediately discontinuing its fuel subsidy to help cut government spending, causing an overnight spike in fuel prices from $1.70 to $3.50 per gallon. Such a hike would be outrageous even for Americans. But for a drastically poorer country like Nigeria—where 70 percent of the population of 160 million lives below the poverty line—it was insufferable. Cheap fuel is one of the few benefits Nigerians enjoy as citizens of Africa’s largest (and the world’s 14th-largest) oil producer.